Controversial journalist, Kemi Olunloyo has revealed that Naira Marley, the CEO of Marlian Records, is in debt to the late musician Mohbad, owing him a substantial sum of N300 million.
Kemi Olunloyo, who disclosed this on her Twitter page, said Mohbad played a pivotal role in the success of Marlian Music, stressing that he was the brain behind 97% of the label’s songs.
She stated: “MOHBAD’S MUSIC ESTATE: After my research monitoring streams and the Imolenization CAC search, I discovered that Mohbad as of today is worth N700M roughy around $690,000
“Naira Marley owes him N~300M in song royalties 69 On my X Spaces I mentioned the top 3 songwriters in Nigeria as Tiwa, Ten and the third person is actually Mohbad. Mohbad wrote almost 97% of all the songs at Marlian music.
“Songwriters get royalties and | mentioned. @SOCANFoundation as an example when I was a Canadian I•|Grammy Judge @TheJUNOAwards.
“Mohbad complained that Naira Marley was holding his royalties and streaming revenues as well as downloads. They pretty much had a BAD BUSINESS RELATIONSHIP.
“Artist developers are needed in Nigeria. Remove the drugs and cultism and the industry will be super global.
“As you can see Davido came to represent the brotherhood despite the fact that I warned him not to step in Nigeria. Only the intelligent can understand that part.
“Nobody speaks against the brotherhood. Most music industry label bosses and the ones at the top have largely been silent. They are all affiliated with the same cult. They can’t speak against Naira Marley.
“My suggestion as Mohbad’s estate hits one Billion Naira in days to come is a court appointed probate lawyer to take over his music assets assuming Naira Marley releases the funds.
“It will be a bitter court fight. He should have taken this to court a long time but people like Zlatan and Bella Shmurda told him to “hang in there.” These devil sent frenemies could have helped him.
“It’s like a woman being beaten by the husband and relatives tell her to stay in the bad relationship. The toxicity will finally kill you. Drug abuse, hypertension, alcohol etc developed.
“All his major hits are in Malian music plus all the songs he wrote for Zinoleesky and Naira all added to that N300M. The rest is from the streams and downloads from: Spotify, Apple Music, Audiomack, Boomplay, Deezer, Shazam, Napster, iTunes, Google play music, Amazon music etc etc
“Meanwhile you’re busy trying to find out WHO killed him instead of WHAT killed him and who gets his estate. His son needs a DNA test to establish paternity and if that is fine, all his music assets should be put in a trust fund till he’s 18yo.
“They will take a DNA g sample from his dead body. I don’t trust his crocodile teary mom who abandoned him 15yrs, nor his midnight burial dad or the wife.
“His Imolenization team are the only ones with access to the revenues on his final project “BLESSED” It has blown with huge revenues. Every penny should be transferred to a trust fund.
“Know who you’re signing record deals with and terms of the contract. Mohbad wanted to leave and there were rumours that Naira was allegedly trying to make him a drug Lord which he refused to be, but didn’t understand what it meant to break a contract. Shebi we saw a similar thing happen with Davido around 2010 with his first label.
“His rich dad Deii Adeleke had to BUY out his contract to separate him. I’ve been a music journalist 20 years today September 21st 2003 out of my almost 30 yrs of journalism.
“Also a music publicist organizing events and doing PR for many artists like Nicki, Ciara, Sean Kingston, Dija, Wizkid and more in Canada WI
“Mohbad did not leave a WILL behind. Naira has joined the war on drugs, he got tired and Mohbad is dead. May his soul rest in peace.”
KanyiDaily recalls that Mohbad recently made history by debuting three songs on the US Billboard chart, one week after his death.